INVINITY ENERGY NEXUS LIMITED

Company Registration Number:
13366462 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

INVINITY ENERGY NEXUS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

INVINITY ENERGY NEXUS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

To administer the Joint Development and Commercialisation Agreement (“JDCA”) with Gamesa Electric on behalf of the Invinity Energy Systems Plc Group (“Invinity”).

Political and charitable donations

The Company made no political or charitable contributions during the year (2023: £Nil).

Additional information

Principal Activities: Administration of the Joint Development and Commercialisation Agreement (JDCA) with Gamesa Electric. Business Review: Details of the JDCA and the development of the next-generation Vanadium Flow Battery (VFB), renamed “ENDURIUM”. Future Developments: Funding milestones and independent technology advancement by both parties. Going Concern: Assurance of financial support from the parent company, Invinity Energy Systems PLC, including reference to a successful £25 million fundraising in September 2025. Dividends: No dividends declared or paid. Political and Charitable Donations: No political or charitable contributions made during the year. Directors: Names and changes in directorship. Directors’ Liability Insurance and Indemnities: Coverage and legal indemnities in place. Risk Management: Referenced in Note 10 of the financial statements. Disclosure to Auditors: Confirmation of transparency and awareness of relevant audit information. Auditor Appointment: BDO LLP reappointed under Section 487 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Neil O'Brien
 Jonathan Marren
 Adam Howard

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: Jonathan Marren
Status: Director

INVINITY ENERGY NEXUS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Administrative expenses: ( 6,000 ) ( 5,000 )
Operating profit(or loss): (6,000) (5,000)
Interest receivable and similar income: 144,000 0
Interest payable and similar charges: 0 ( 28,000 )
Profit(or loss) before tax: 138,000 (33,000)
Profit(or loss) for the financial year: 138,000 (33,000)

INVINITY ENERGY NEXUS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Current assets
Debtors: 3 3,095,000 1,806,000
Total current assets: 3,095,000 1,806,000
Creditors: amounts falling due within one year: 4 ( 2,962,000 ) ( 1,811,000 )
Net current assets (liabilities): 133,000 (5,000)
Total assets less current liabilities: 133,000 ( 5,000)
Total net assets (liabilities): 133,000 (5,000)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 132,999 (5,001 )
Total Shareholders' funds: 133,000 (5,000)

The notes form part of these financial statements

INVINITY ENERGY NEXUS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Jonathan Marren
Status: Director

The notes form part of these financial statements

INVINITY ENERGY NEXUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Basis of Accounting Prepared under FRS 101 Reduced Disclosure Framework. Uses historical cost convention. Applies recognition and measurement principles of IFRS. Going Concern Based on financial support from the parent company and recent fundraising. Foreign Currency Transactions Transactions are translated at the exchange rate on the transaction date. Monetary assets/liabilities retranslated at year-end rates. Foreign exchange differences recognized in profit or loss. Debtors Stated at nominal value less impairment losses. Creditors Classified as current unless settlement is deferred for more than 12 months. Taxation Includes policies for current and deferred tax. Deferred tax assets recognized only when future taxable profits are probable.

INVINITY ENERGY NEXUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

INVINITY ENERGY NEXUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Trade debtors 3,095,000 1,806,000
Total 3,095,000 1,806,000

INVINITY ENERGY NEXUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 2,962,000 1,811,000
Total 2,962,000 1,811,000